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To: Grandk who wrote (11746)6/26/2010 5:14:33 PM
From: skinowski   of 15423
 
If the markets reverse and start pushing upwards, then yes, bulls will be right. To me, if markets begin moving up strongly may be a sign that the dollar is losing value - especially if gold continues to make new highs.

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To: skinowski who wrote (11748)6/29/2010 9:14:05 AM
From: skinowski   of 15423
 
suggesting that Friday's low was only the low of Wave 3 down, with 4 and 5 down still pending. That is possible

Yep, that's what is happening. After a Triangle starting from Friday's low, SP and other majors are dipping into W5 down. Should reverse soon, depending how the 5th will play out. Last time, on the top of the June rally, it reversed down immediately, after a similar Triangle.

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To: skinowski who wrote (11750)6/29/2010 12:57:13 PM
From: bobcor   of 15423
 
So do you see us completing wave 1 here and bouncing in a wave 2 for a few days?

`BC

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To: skinowski who wrote (11750)6/29/2010 1:04:11 PM
From: bobcor   of 15423
 
These similarities remain uncanny. We are a time-shifted repeat of 2000 - one month (and ten years) later. A solid bounce, and then six weeks of summer drifting ensued. Not so sure if we get the drifting here though.

Message 26566219




Too bad I chickened out on it.

`BC

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To: skinowski who wrote (11741)6/29/2010 5:09:46 PM
From: Galirayo   of 15423
 
Happy Independence Weekend All.

And Happy Fundamental 2nd and 14th Amendments !!!!

Wear Em Proudly in Public ..

Hey Ski .. have you looked at the PnF charts recently ??

Double Bottom Break Down in Progress.

stockcharts.com 

Flight to Safety Tickets are supposedly on Sale [Early Bird Discounts are Expired.] .. and they may Earn Extra "High Flyer Miles" that can be redeemed later. ;)

When was the last time you saw GOLD and the Paper Debt Laden Sawbuck up on the same day with most everything else on the Big Water Slide ?

stockcharts.com 

stockcharts.com 

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To: bobcor who wrote (11751)6/29/2010 5:19:11 PM
From: skinowski   of 15423
 
I think it's likely that we are completing the 1st of C or 3.... in which case it should bounce. But you know how it is. Today looks quite "3-wavish" -g.

Maybe we're in 3 of 1 of 3/C? Next important support is 1025-1000. I'd say for now my favorite view would be a short term bounce.... which may be more shallow than one would expect.... since too many people expect it.

The triple bottom didn't hold - AJ somewhere out there must feel that his theory about triple bottoms was once again confirmed.... g/ng

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To: bobcor who wrote (11752)6/29/2010 5:31:29 PM
From: skinowski   of 15423
 
Yes, that's a very interesting observation. One thing that comes to mind is that the recent intraday "minicrash" is very similar to the one in early April 2000. Interesting that they are so similarly positioned within those analogous patterns.

I remember that day in April of 2000 very well. I covered DIA's when the index was several hundred points down - I thought I was a genius... regrettably, that impression was not destined to become indisputable... -g.

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To: Galirayo who wrote (11753)6/29/2010 5:37:48 PM
From: skinowski   of 15423
 
Hi, Ray! Nice collection of P&F's.... Triple bottom break on SP.... Notice that GOLD is in fact in danger of giving a sell signal.

Thanks for the congrats, and the same to you, sir.

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To: skinowski who wrote (11756)6/29/2010 5:55:17 PM
From: Galirayo   of 15423
 
I just 2nd'd this motion .. but I've got GOLD to 1500 for now ..

PnF has it to 1310 .. see what happens when it gets there .. look LT Chart. Big Waves.

Message 26602056

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To: bobcor who wrote (11752)6/29/2010 6:17:13 PM
From: Galirayo   of 15423
 
Did you call Tech Support Yet ?? :)

stockcharts.com 

stockcharts.com 

stockcharts.com 

stockcharts.com 

MOT looks like it has just encountered More R.
stockcharts.com 

RIMM and CSCO look like they've already taken a few hits / bit more than a few bullets ...What happened to RIMM anyway .. who ate their lunch ?

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